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Gordon Robertson tapped as Regent University chancellor
Gordon Robertson, son of the late televangelist Pat Robertson, succeeded his father this week as chancellor of Virginia Beach-based Regent University, a nationally prominent Christian conservative private university founded by the elder Robertson. Robertson will continue to serve as president and CEO of CBN and president of Oper[...]
Cloud, cyber company to establish HQ in Loudoun
Fortreum LLC, a cloud-computing and cybersecurity firm, is establishing its headquarters in Loudoun County and creating 53 jobs, Gov. Glenn Youngkin announced Thursday. The company, launched in 2021, provides cybersecurity and cloud support with an emphasis on regulatory compliance and technical validations, for businesses operating in the public and private sectors. Fortreum expects to invest […][...]
March of Dimes names new president and CEO
When she starts her new job as president and CEO on July 17, Dr. Elizabeth Cherot will be the first physician to head up the March of Dimes, the 85-year-old, Arlington County-based women’s and infant’s health nonprofit founded by U.S. President Franklin D. Roosevelt. Cherot joined March of Dimes in January as senior [...]
Dominion sells interest in Md. LNG facility for $3.5B
Dominion Energy Inc. has sold its remaining interest in the Cove Point natural gas liquefaction facility in Maryland to Berkshire Hathaway Energy for $3.5 billion, the Richmond-based Fortune 500 utility announced Monday. Dominion will clear about $200 million from the sale, according to a company news release. Total after-tax proceeds of about $3.3 billion will […]
Five Guys moving HQ to Alexandria
Five Guys Enterprises LLC is moving its corporate headquarters from southern Fairfax County to Alexandria this month, a spokesperson confirmed Friday. The new main office for the family-owned hamburger chain will be in leased space at 1940 Duke St., starting July 17. Friday was the company’s last day at its Lorton headquar[...]
MicroStrategy buys $347M more bitcoin in Q2
MicroStrategy Inc. and its subsidiaries purchased about $347 million worth of bitcoin — approximately 12,333 units — from April 29 to June 27, according to the Tysons-based tech company’s June 28 filing with the U.S. Securities and Exchange Commission. Believed to be the world’s largest publicly traded corporate holder of bitcoin, MicroStrategy and its subsidiaries […]
‘A generational shift’
Updated June 29 Politicians like to suggest every new election is the most important of our lifetimes, but Virginia’s off-off-year state legislative elections in 2023 might actually live up to the billing for once. In November, voters will elect representatives to all 140 seats in the Virginia Senate and House of Delegates, in[...]
Not by coincidence
Norfolk Mayor Kenneth Cooper Alexander has a vision for his city that includes increasing revenue without creating additional taxes for residents. His focuses in achieving that goal include tourism, hospitality and entertainment — familiar parts of neighboring Virginia Beach’s economy. However, unlike Virginia Beach, he poi[...]
Unfinished business
The tone of the 2023 General Assembly can be encapsulated in its approach to electricity rates. With dozens of lawmakers poised to retire, the General Assembly passed a major energy law, giving the State Corporation Commission added leeway over adjusting customer rates for utilities Dominion Energy Inc. and Appalachian Power. Ye[...]
Reaching the majors
Reaching the “major league” in academic research boosts Old Dominion University’s clout in attracting top talent and grants, emphasizes the university’s vice president for research. Achieving the R1 research classification “enhances the reputation of the university,” says Morris Foster, and “helps in the talent [re[...]
Fairwinds Landing project breaks ground in Norfolk
Developers broke ground Thursday morning on the Fairwinds Landing maritime operations and logistics center supporting Hampton Roads’ offshore wind, defense and transportation industries. The development project at Norfolk Southern Corp.’s Lambert’s Points Docks in Norfolk is being spearheaded by Fairwinds Landing LLC, a [...]
Biomass company to expand in Wythe County
Musser Biomass and Wood Products will invest $7.5 million to expand operations in Wythe County and add 10 jobs, Gov. Glenn Youngkin announced Wednesday afternoon. The company, a division of Musser Lumber Co., will more than double production of dried hardwood chips and sawdust that the company supplies to composite decking manufacturers, plastic extrusion companies, […]
